Study papers on health information exchange market and regional forecast. Key health information exchange market players are Cerner Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Relay Health Corporation (U.S.), eClinical Works (U.S.), Covisint Corporation (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Infor, Inc. (U.S.), Optum, Inc. (U.S.), Medicity, Inc. (U.S.), Epic Corporation Inc. (U.S.), and Orion Health (New Zealand)
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The health information exchange market is expected to reach USD 1,545.0 million by 2020 from USD 990.6 million in 2015, at a CAGR of 9.3%. Factors such as federal mandates like Meaningful Use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, and reduction in healthcare costs are driving the health information exchange market.
Health Information Exchange Market, By Type
2 Directed Exchange (Push HIE)
3 Query-Based Exchange (Pull HIE)
4 Consumer-Mediated Exchange
Health Information Exchange Market, By Implementation Model
2 Hybrid Models
3 Centralized/Consolidated Models
4 Decentralized/Federated Model
Health Information Exchange Market, By Application
2 Web Portal Development
3 Workflow Management
4 Secure Messaging
5 Internal Interfacing
Growth in health information exchange market is mainly driven by federal mandates like Meaningful use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, & need to curtail healthcare cost.
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Requirement of significant infrastructural investments coupled with low return on investment and data security & privacy concerns are expected to restrain growth of this market to a certain extent.
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Health information exchange market segmented into web portal development, workflow management, secure messaging, internal interfacing, & (personal health records and chronic disease management). Internal interfacing segment is expected to grow at highest CAGR in forecast period, owing to rising need of streamlining workflow and reducing healthcare costs by eliminating medication errors.
2 Competitive Situation and Trends
3 Product Deployments
4 Agreements, Alliances, Partnerships, and Collaborations
5 Product Launches, Enhancements, and Integration
8 Other Developments
9 New Entrants
Health information exchange market involves sharing of health-related information electronically among healthcare stakeholders. It enables collaboration between healthcare stakeholders, reduces administrative tasks, and provides greater transparency in healthcare field, thus enhancing quality, safety, and efficiency of healthcare delivery.
In report, health information exchange market segmented on basis of type, setup type, solution, implementation model, application, end user, and region. Web portal development segment accounted for largest share of health information exchange market in 2015.
Large share of North American market is attributed to mandates like Meaningful Use, increasing number of accountable care organizations and increasing adoption of HIE in hospitals. Canada’s efforts to enhance healthcare delivery, and digital health measures in Canada.
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